Political analytics and forecasts Partly open
A Redistribution Under the Guise of Security: How Decree No. 604 Is Changing the Rules of Ownership Among Russia’s Elite
Decree No. 604 does not formally nationalize private companies. However, it allows for the transfer of de facto control over assets, equity stakes, and property rights to the state or another designated administrator—without a time limit specified in the document itself. We examine why, under the guise of security, a new mechanism for redistributing influence within the Russian elite is emerging.
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- the full set of indicators and market factors;
- an interpretation of the current picture;
- conclusions and the signals that follow.
